Free Annual Reports
Oil and Gas Operations Stocks, Including Devon Energy, Making Big Moves on August 29, 2012
The Nasdaq is down 0.2%, the S&P 500 has remained steady and the Dow has moved little after the morning's trading.
The Oil and Gas Operations sector (DIG) has fallen 1.1% despite little change in the market overall. The biggest movers in the sector so far are:
Broker Summary: Fidelity Online Brokerage
Currently trading at $84.77 per share, BP Prudhoe Bay (NYSE:BPT) has fallen 9.3%. The company's volume is currently 1.2 million shares for the day,. High volume indicates a lot of investor interest while low volume indicates the opposite. It is important for an investor to estimate the value of any potential or existing investment; valuation ratios make this easier. The debt ratio shows the proportion of assets that a company is financing through debt. BPT has a debt ratio of 52.4%. However, one thing to note with this ratio: it isn't a pure measure of a company's debt (or indebtedness), as it also includes operational liabilities, such as accounts payable and taxes payable.
Slipping 5.9%, Goodrich (NYSE:GDP) is currently trading at $13.11 per share. The company's volume for the day so far is 709,769 shares. Volume is used to evaluate how meaningful the price movement of a stock is. When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the value of an individual stock. The price/sales ratio is used for spotting recovery situations or for double-checking that a company's growth has not become overvalued. GDP has a high P/S ratio of 2.61. In young companies, a high P/S ratio is a sign of sales growth that is expected to turn into earnings and cash flow. A limitation of the P/S ratio is that the price component measures only stock market captialization, while sales are a function of the entire capital structure, potentially leading to wide differences between levered and unlevered companies.
Plains Exploration & Production (NYSE:PXP) has fallen 2.4% and is currently trading at $39.90 per share. The company's volume is currently 342,009 shares for the day, 0.3 times its average over the past three months. As a stock moves up or down, it is important to pay attention to the trading volume. This indicates the level of interest: the higher the volume, the more the interest. A company's value as an investment is more easily estimated using valuation ratios such as the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. The capitalization ratio is calculated by dividing long-term debt by the sum of long-term debt and shareholders' equity. PXP's capitalization ratio of 54.1% is relatively high. The company may have trouble meeting operating and debt liabilities on time and surviving adverse economic conditions. Prudent use of leverage (debt) increases the financial resources available to a company for growth and expansion.
Devon Energy (NYSE:DVN) is down 2.3% to reach $58.91 per share. The company's volume for the day so far is two million shares. This is 0.7 times the current daily average. Volume is an important indicator because it indicates how significant a price shift is. Investment valuation ratios can be very useful in estimating whether a stock price is too high, reasonable or a bargain investment opportunity. To a large degree, the debt-equity (D/E) ratio provides another vantage point on a company's leverage position, in this case, comparing total liabilities to shareholders' equity, as opposed to total assets in the debt ratio. DVN's debt-equity ratio of 48% is on the low end. Companies with low D/E ratios are more attractive to investors because they are better able to protect their business interests in times of decline. The D/E ratio is not a pure measurement of a company's debt because it includes operational liabilities in total liabilities.
Concho Resources (NYSE:CXO) has decreased to $89.84 per share, a 2.2% fall. At 541,999 shares, the company's volume so far today is. When a stock price moves up or down, watching the volume is a good way of identifying how significant that shift is. While investment valuation ratios are useful tools in estimating the attractiveness of an investment, remember that it is important to look at a company's historical performance and compare the company ratios with its competitors and industry overall. The price/earnings to growth (PEG) ratio divides a company's P/E ratio by its growth rate of earnings-per-share. CXO's PEG ratio is 1.1. While P/E ratios are important indicators of market value, a high P/E in and of itself is not bad because it may indicate a company whose earnings are growing very rapidly, so many investors look at the PEG ratio in order to get an idea of whether or not a particular P/E ratio is justified by underlying earnings growth.
PDC Energy (Nasdaq:PDCE) has moved up 2% and is currently trading at $27.95 per share. The company is currently trading a volume of 108,139 shares. Volume is an important indicator in technical analysis as it is used to measure the worth of a market move. If the markets have made a strong price move either up or down the perceived strength of that move depends on the volume for that period. The higher the volume during that price move the more significant the move. Valuation ratios allow the investor to make a quick determination as to a company's investment value. The price/book value ratio provides a way of evaluating whether a stock is relatively cheap or expensive. PDCE's P/B ratio of 0.98 indicates that its share price is lower than its book value. This could mean that either the market believes the asset value is overstated, or the company is earning a very poor (even negative) return on its assets. All else being equal, a stock with a low P/B value ratio is more attractive than a stock with a high ratio. SEE: How Buybacks Warps The Price-To-Book Ratio
Baytex Energy Corp (NYSE:BTE) is currently trading at a share price of $45.63, a 2% decline. So far today, the company's volume is 37,255 shares, 0.2 times the average volume over the last three months. The trading volume for a stock indicates the level of investor interest. Looking at a company's valuation ratios is a good way of getting a basic idea as to its value as an investment. For investors primarily interested in the income a stock can generate, the dividend yield is an important determinant of how attractive a stock is. Dividend yield for BTE is 5.7%. For income-oriented investors such as retirees, a stock with a high dividend yield may be more attractive than a stock with a low dividend yield. SEE: Due Diligence On Dividends
The Bottom Line The nature of the market is such that stocks will have good days and bad days. It is important to weigh current activity against historical performance when making any investment decisions. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.
The Oil and Gas Operations sector (DIG) has fallen 1.1% despite little change in the market overall. The biggest movers in the sector so far are:
| Company | Market Cap | Percentage Change |
| BP Prudhoe Bay (NYSE:BPT) | $2 billion | -9.3% |
| Goodrich (NYSE:GDP) | $506.9 million | -5.9% |
| Plains Exploration & Production (NYSE:PXP) | $5.27 billion | -2.4% |
| Devon Energy (NYSE:DVN) | $24.39 billion | -2.3% |
| Concho Resources (NYSE:CXO) | $9.58 billion | -2.2% |
| PDC Energy (Nasdaq:PDCE) | $829.4 million | +2% |
| Baytex Energy Corp (NYSE:BTE) | $5.6 billion | -2% |
Currently trading at $84.77 per share, BP Prudhoe Bay (NYSE:BPT) has fallen 9.3%. The company's volume is currently 1.2 million shares for the day,. High volume indicates a lot of investor interest while low volume indicates the opposite. It is important for an investor to estimate the value of any potential or existing investment; valuation ratios make this easier. The debt ratio shows the proportion of assets that a company is financing through debt. BPT has a debt ratio of 52.4%. However, one thing to note with this ratio: it isn't a pure measure of a company's debt (or indebtedness), as it also includes operational liabilities, such as accounts payable and taxes payable.
Slipping 5.9%, Goodrich (NYSE:GDP) is currently trading at $13.11 per share. The company's volume for the day so far is 709,769 shares. Volume is used to evaluate how meaningful the price movement of a stock is. When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the value of an individual stock. The price/sales ratio is used for spotting recovery situations or for double-checking that a company's growth has not become overvalued. GDP has a high P/S ratio of 2.61. In young companies, a high P/S ratio is a sign of sales growth that is expected to turn into earnings and cash flow. A limitation of the P/S ratio is that the price component measures only stock market captialization, while sales are a function of the entire capital structure, potentially leading to wide differences between levered and unlevered companies.
Plains Exploration & Production (NYSE:PXP) has fallen 2.4% and is currently trading at $39.90 per share. The company's volume is currently 342,009 shares for the day, 0.3 times its average over the past three months. As a stock moves up or down, it is important to pay attention to the trading volume. This indicates the level of interest: the higher the volume, the more the interest. A company's value as an investment is more easily estimated using valuation ratios such as the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. The capitalization ratio is calculated by dividing long-term debt by the sum of long-term debt and shareholders' equity. PXP's capitalization ratio of 54.1% is relatively high. The company may have trouble meeting operating and debt liabilities on time and surviving adverse economic conditions. Prudent use of leverage (debt) increases the financial resources available to a company for growth and expansion.
Devon Energy (NYSE:DVN) is down 2.3% to reach $58.91 per share. The company's volume for the day so far is two million shares. This is 0.7 times the current daily average. Volume is an important indicator because it indicates how significant a price shift is. Investment valuation ratios can be very useful in estimating whether a stock price is too high, reasonable or a bargain investment opportunity. To a large degree, the debt-equity (D/E) ratio provides another vantage point on a company's leverage position, in this case, comparing total liabilities to shareholders' equity, as opposed to total assets in the debt ratio. DVN's debt-equity ratio of 48% is on the low end. Companies with low D/E ratios are more attractive to investors because they are better able to protect their business interests in times of decline. The D/E ratio is not a pure measurement of a company's debt because it includes operational liabilities in total liabilities.
Concho Resources (NYSE:CXO) has decreased to $89.84 per share, a 2.2% fall. At 541,999 shares, the company's volume so far today is. When a stock price moves up or down, watching the volume is a good way of identifying how significant that shift is. While investment valuation ratios are useful tools in estimating the attractiveness of an investment, remember that it is important to look at a company's historical performance and compare the company ratios with its competitors and industry overall. The price/earnings to growth (PEG) ratio divides a company's P/E ratio by its growth rate of earnings-per-share. CXO's PEG ratio is 1.1. While P/E ratios are important indicators of market value, a high P/E in and of itself is not bad because it may indicate a company whose earnings are growing very rapidly, so many investors look at the PEG ratio in order to get an idea of whether or not a particular P/E ratio is justified by underlying earnings growth.
PDC Energy (Nasdaq:PDCE) has moved up 2% and is currently trading at $27.95 per share. The company is currently trading a volume of 108,139 shares. Volume is an important indicator in technical analysis as it is used to measure the worth of a market move. If the markets have made a strong price move either up or down the perceived strength of that move depends on the volume for that period. The higher the volume during that price move the more significant the move. Valuation ratios allow the investor to make a quick determination as to a company's investment value. The price/book value ratio provides a way of evaluating whether a stock is relatively cheap or expensive. PDCE's P/B ratio of 0.98 indicates that its share price is lower than its book value. This could mean that either the market believes the asset value is overstated, or the company is earning a very poor (even negative) return on its assets. All else being equal, a stock with a low P/B value ratio is more attractive than a stock with a high ratio. SEE: How Buybacks Warps The Price-To-Book Ratio
Baytex Energy Corp (NYSE:BTE) is currently trading at a share price of $45.63, a 2% decline. So far today, the company's volume is 37,255 shares, 0.2 times the average volume over the last three months. The trading volume for a stock indicates the level of investor interest. Looking at a company's valuation ratios is a good way of getting a basic idea as to its value as an investment. For investors primarily interested in the income a stock can generate, the dividend yield is an important determinant of how attractive a stock is. Dividend yield for BTE is 5.7%. For income-oriented investors such as retirees, a stock with a high dividend yield may be more attractive than a stock with a low dividend yield. SEE: Due Diligence On Dividends
The Bottom Line The nature of the market is such that stocks will have good days and bad days. It is important to weigh current activity against historical performance when making any investment decisions. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.
by
Investopedia Staff
Investopedia.com believes that individuals can excel at managing their financial affairs. As such, we strive to provide free educational content and tools to empower individual investors, including thousands of original and objective articles and tutorials on a wide variety of financial topics.
Free Annual Reports
